Trump Imposes Sweeping Tariffs on Canada, Mexico, and China

The new tariffs, including 25% on Canadian and Mexican imports, escalate trade tensions and trigger retaliatory measures from affected nations.

The U.S. has implemented 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy imports as an exception to prevent domestic price shocks.
China faces an increased tariff rate of 20% on its goods, following a February hike, with additional retaliatory tariffs from Beijing targeting U.S. agricultural products and other goods.
Canada and Mexico have announced countermeasures, with Canada imposing 25% tariffs on U.S. goods worth $30 billion, potentially rising to $155 billion after 21 days.
The trade measures have rattled global markets, with significant declines in U.S. stock indices and currency devaluations for the Mexican peso and Canadian dollar.
Trump's administration justifies the tariffs as efforts to curb drug trafficking and illegal immigration, but critics warn of inflation, strained supply chains, and broader economic fallout.